- Asialaw 2023-24 Ranking
- Beginning in 2024, foreign income earned the year before and imported into Thailand the following year will no longer be exempt from Thai personal income tax.
- JTJB 2023 JULY Global Network Gazette
- The 2023 Benchmark Litigation Asia-Pacific Rankings
- WHY BOI IS THE BEST OPTION FOR FOREIGN DIRECTLY INVESTMENT IN THAILAND?
- ASIA BUSINESS LAW JOURNALS 2023 THAILAND LAW FIRM AWARDS
- JTJB INTERNATIONAL LAWYERS IS RANKED AS LEADING FIRM IN LEGAL 500 ASIA PACIFIC 2023
- JTJB Internship Program 2023
- JTJB International Lawyers and AWP & Alliance Merger Announcement
- The A-List of Thailand top’s 100 lawyers by Asia business law journal
Representative Office – Thailand 4.0
The Representative Office (or so-called “Rep-Office”) is one type of the legal vehicles available for a foreign entity to expand its existence in Thailand. Nevertheless, under Thai laws, the Rep-Office is allowed to conduct only non-income related activities to support the head office as follows:
- (a)Sourcing of goods or services in Thailand;
- manufacture in Thailand by the head office;
- (c)Giving advice concerning to goods of the head office sold to agent or consumers;
- (d)Propagating of information concerning new goods or services of the head office; and
- (e)Report on business trends and movement in Thailand
Recently, the processes and information and documentation required for applying the Rep-Office with the related government authority were considerably complicated and thus consume several months (occasionally up to 6 months). However, due to the recent Ministry Regulation issued on May 26, 2017, which reduces the complexity, requirement and lengthy processes of applying the Rep-Office. Resulting that the whole processes of applying the Rep-Office would be significantly faster than before.
In terms of taxation, the Rep-Office, in general, does not hold a tax burden for income received from its parent company for operational cost in Thailand – and it is barred from generating any income or engaging in any income related activity. Moreover,
The Rep-Office can employ from 2 to 5 expatriated employees based on the its business activity and the number of its local Thai employee.
In summary, with related laws gearing toward lifting restrictions and tax advantages, the Rep-Office is attractively found as a suitable choice for any foreign/international companies that are seeking to establish its supporting office in Thailand.